BlackRock Skips XRP ETFs as Nate Geraci Calls Strategy Risky
XRP (XRP)
Editor:
Eugene Serbin
u.today reports that BlackRock is maintaining its focus on Bitcoin and Ethereum while other firms pursue spot XRP ETFs. Nate Geraci, president of The ETF Store, labeled this selective approach "highly risky," suggesting the giant predicts other assets lack sufficient value. On-chain data shows BlackRock withdrew $312 million from Coinbase Prime in a single day.
This capital split between $282 million for its IBIT fund and $30.6 million for ETHA and ETHB funds. Geraci maintains that BlackRock will eventually launch additional spot crypto ETFs when the time is right. The firm avoids XRP because the total net assets of U.S. XRP funds are only $1.40 billion.
Canary Capital CEO Steven McClurg notes BlackRock likely waits until competitor funds reach a stable $3 billion in assets. This strategy allows BlackRock to let others test demand and absorb initial regulatory risks. Meanwhile, competitors are already reaping rewards from XRP ETFs as Goldman Sachs buys stakes. BlackRock prefers the liquidity and predictability of BTC and ETH, which manage $98.63 billion and $15.13 billion respectively.
How the market reacted
Whalio's own Binance spot order flow for XRP, measured when this story was written up on 27 August 2026. Not the outlet's figures.
XRP is trading at $1.42 with a 24-hour buy ratio of 51.9%, indicating a slight majority of buy orders over the full day. However, the 1-hour buy ratio stands at 51.1% while the 4-hour ratio drops to 48.4%, suggesting short-term buying pressure is fading relative to the daily average. The 24-hour volume delta is positive at $8,976,592, showing net accumulation over the day, but the 4-hour delta is negative at -$553,241, indicating recent selling pressure. The CVD for the 24-hour close is +$134,926, confirming that buyers have been more aggressive than sellers over the longer timeframe. Spot volume reached $238,596,035 with 1,648,472 trades, reflecting active market participation.
The latest daily buy ratio of 50.6% sits at the 83rd percentile of the last 322 days, against a median of 48.5% - stronger buying than most days.
Twenty-four hours later
What XRP did over the 24 hours after the story broke. The market moves for its own reasons; this is what happened, not what the story caused.
Was that an ordinary day?
The same Binance spot measurements for XRP, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 48.9%, making today's 24-hour ratio of 51.9% an unusual shift toward buying. Volume today was 0.51x the weekly average, meaning trading activity is significantly lower than usual despite the price change. The coin saw a 28.7% price increase over eight days, yet the total volume delta for that period was -$61,148,055. This indicates that despite the price surge, net selling pressure outweighed buying pressure over the week. Today represents a brief reversal in sentiment compared to the broader weekly trend of net outflows.